 Biotechnology as a new techno-economic paradigm that will help drive the world economy and mitigate climate changeAndrew Tylecote Research Policy, 2019, vol. 48, issue 4, 858-868 Abstract: A techno-economic paradigm embraces a whole constellation of technically and economically interrelated innovations and influences most industries and an entire phase of economic development. Its full potential to drive and shape economic growth can only be realized after far-reaching reforms have been made in the “socio-institutional frameworks” of major economies and the world economy. In close association with ICT, biotechnology – or the trio of biotechnologies: red (biomedicine), green (plant breeding) and white (industrial) – is now capable of such a role, although the necessary reforms remain to be made. This paper shows how far and in what sense it has reached technological maturity, and what “mismatches” between it and the socio-institutional framework are obstructing its further development and diffusion. It argues that biotechnology (green and white) is needed to play a key role in the struggle against climate change – which in turn can be expected to draw out its potential. Keywords: Techno-economic paradigm; Biotechnology; World economy; Climate change; Socio-institutional framework (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:respol:v:48:y:2019:i:4:p:858-868 DOI: 10.1016/j.respol.2018.10.001 Access Statistics for this article Research Policy is currently edited by M. Bell, B. Martin, W.E. Steinmueller, A. Arora, M. Callon, M. Kenney, S. Kuhlmann, Keun Lee and F. Murray More articles in Research Policy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.